I agree with you bluebottle, even if we use the old closing price of .002 (Last trade before delisting), then a consolidation of 2000 - 1 gives a sp of $4, so why the 5 cents a share.
For it to be 5 cents a share it should only have been 25 - 1.
Once again the small shareholders have been taken to the cleaners and not just by the Directors but also by the Administrators.